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Located along the North Sea, the Humber is expected to play a central role in the UK’s effort to achieve a net-zero emissions status by 2050.
The deal adds over 1,000 potential drilling locations and almost doubles oil production for Houston-based Magnolia.
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Talos Energy founder Tim Duncan has been named executive chairman of newly formed 1947 Oil & Gas, which will focus on acquiring and developing mature, shallow-water assets through its buyout of Renaissance Offshore. The deal is expected to close in Q2 2026. -
Operators aren’t rushing to drill, even as the closure of the Strait of Hormuz drives oil prices up.
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The following three papers show challenges and potential solutions across various stages of the deepwater well-development cycle from a variety of deepwater basins across the world.
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The authors describe a study on key technologies for intelligent risk monitoring of workover operations.
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This paper establishes that the use of a dual-gradient fluid column during the running of large casing in an extreme-reach deepwater well is an effective method to overcome drag and enable the casing to reach total depth.
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The authors write that by replacing outdated, labor-intensive processes with an integrated, cloud-based platform, companies can streamline planning, improve accuracy, and foster better coordination across teams and vendors.
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The authors write that deployment of artificial-intelligence-based high-gas/oil ratio well-control technology enabled stabilization of well performance and maintenance of optimal production conditions.
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This paper presents the first global application of autonomous drilling in deepwater and the journey to reach optimal drilling parameters, integrating proprietary tools from the project’s business partners.
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The paper describes the revalidation of a deepwater prospect that resulted in a no-drill decision.
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Drilling experts recently shared candid views on what will be required for their segment of the upstream business to move to the next stage of development.
